Reduction of share capital is possible by the company, if it is authorized by its:

Related MCQs

• On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been received by the company, the share capital account should be credited by ……
• In case of subdivision of share capital, the amount of share capital……….
• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• The maximum extent to which a company can raise share‐capital is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ capital.
• While preparing the books of the transferee company in purchase method, the difference between purchase consideration and share capital of the transferor company should be adjusted in -------------
• The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to:
• ……………………reconstruction refers to the reduction of capital to cancel any paid up capital.
• Redemption of preference shares should not be regarded as reduction of ----- capital of the company.
• ………..should be deducted from the share capital to determine the paid up capital.
• Which Exchange rate will be considered for conversion of share capital of subsidiary company.